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7:00am Friday 5th March 2010 in
CHAIRMAN Eddie Mitchell today throws open the club’s books to lay bare Cherries’ current financial position.
Mitchell has taken the unprecedented step in an attempt to give supporters a thorough insight into the parlous state of affairs at Dean Court.
The move comes just a week after Mitchell revealed the club had been served with another winding-up petition by HM Revenue & Customs.
And Mitchell’s decision to outline the finances in detail follows on from the club raising almost £300,000 from the sale of advanced season tickets.
In his ‘Halfway There’ statement, Mitchell writes: “The figures published today are true and accurate and will be updated periodically as the debt diminishes. We all know the task ahead so please join in.
“In the coming days, the board will announce various initiatives whereby you, the supporters, can help us finally rid ourselves of the club’s legacy debt, try to lift the embargo and give Eddie Howe and the lads every chance of achieving the success this club so deserves.”
The financial overview reveals that more than a third of Cherries’ total debt is to the taxman, with HMRC pursuing the club for £314,000.
Cherries’ current debt is just over £846,000 with commitments to landlord Structadene and creditors of the old company accounting for around 60 per cent.
Although the figures may seem alarming, they are a drop in the ocean compared with the club’s plight when the Murry Group took control in June.
According to Mitchell’s statement, Cherries were more than £1.78m in debt – haemorr-|haging money on a daily basis and seemingly heading into oblivion.
The inherited debt included a bill of £16,800 to the Royal Bath Hotel, a figure which has now been reduced to just £3,100. It is understood DeVere Hotels had issued a county court judgement on the club before an agreed payment plan was struck up, which included costs.
Cherries also owed almost £20,000 to Seward for the lease of cars, with one club insider claiming “under the previous regime, anybody who had a drivers’ licence, had a company car”.
The current liability to HMRC, listed in the statement at £286,000, will reduce to £214,000 with £100,000 set aside for the taxman but has increased due to this month’s PAYE contributions.
None of the £40,850 owed to football creditors is believed to be pressing, while the club is up to date with payment of wages and salaries to players and staff.
The debt to landlord Structadene has increased by £63,205 as the club only paid half rent on the stadium for the first five months of the Murry Group’s tenure. The club’s previous owners had made this arrangement, although full rent, believed to be around £33,000 per month, was paid in December, January and February.
A deferred liquidation payment – often mistaken as a CVA payment – of £146,666 is due to be paid on April 1 when the club will receive a basic award payment from the Football League.
Under Mitchell’s stewardship, Cherries have brought in £862,624 and paid out £755,886.
The difference has gone on the day-to-day running costs of the club.
A full list of Cherries' liabilities, investment and fundraising is in today's Daily Echo.
Comments(69)
nonnogeppetto
says...
7:44am Fri 5 Mar 10
nonnogeppetto
says...
7:47am Fri 5 Mar 10
northstandregular
says...
8:00am Fri 5 Mar 10
elvispresleysking
says...
8:04am Fri 5 Mar 10
Bournemouth person
says...
8:04am Fri 5 Mar 10
nonnogeppetto wrote:Yes we should move those mountains. The figures are very welcome and support public statements, much progress has been made. My idea for fund raising supports one in place - please pass the word round about the raffle for the car - tickets only £1 buy some for yourself and family and tell your friends - and good luck! Lets pack Dean Court tomorrow on a nice sunny day - Up The Cherries!
I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
Frank2010
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8:18am Fri 5 Mar 10
cherrychris75
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8:19am Fri 5 Mar 10
Square Old Codger
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9:03am Fri 5 Mar 10
tricky1007
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9:04am Fri 5 Mar 10
Frank2010 wrote:now maybe i am too optomistic but i read it that we had reduced the debt by 1 million, he had brought in 100,00 more than went out, so something is going in the right direction? yes we still have alot of debt but 800,000 is possible to get out of. 1.7 million and getting bigger was not!!!
Glad to see a full exposure of the 'facts' will be shown today. Mr Mitchell still claims to have made a profit in the last 6 months. He has now stated that he has only been paying half rent for the first 5 months and it is obvious that he has only been servicing old debts with the revenue and not paying current liabilities. This to me is not a true profit!!!
cherries59
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9:08am Fri 5 Mar 10
KENETHOMEROD
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9:29am Fri 5 Mar 10
onionbag
says...
9:30am Fri 5 Mar 10
Blue Rinse
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9:31am Fri 5 Mar 10
Bournemouth person
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9:45am Fri 5 Mar 10
Blue Rinse wrote:Thank you, fantastic!
I for one would like to sponsor 500 kids for a Quid
nsrowq
says...
9:47am Fri 5 Mar 10
KENETHOMEROD wrote:if you buy an echo there is a list of who owes what to who in the article. may not make good reading it but it is much clearer than the article on the website
No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol Replacing one debt with another is not progress , is it ? Any advance sales is a debt ? Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ? Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .
nonnogeppetto
says...
9:55am Fri 5 Mar 10
Blue Rinse wrote:Thank you Blue Rinse I was hoping that others might focus on the way ahead instead at looking back all the time. It is encouraging that there are still people like you around that are willing to focus on the issue rather than blame EM. OK now we know the figures (though some still question the accuracy) what are we going to do about it. I will buy ten draw tickets (as suggested by Bournemouth Person) for the car and do more if I can.
I for one would like to sponsor 500 kids for a Quid
terry1965
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10:17am Fri 5 Mar 10
Nick68
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10:26am Fri 5 Mar 10
nsrowq wrote:Do they sell the Echo in Middlesborough?
KENETHOMEROD wrote:if you buy an echo there is a list of who owes what to who in the article. may not make good reading it but it is much clearer than the article on the website
No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol Replacing one debt with another is not progress , is it ? Any advance sales is a debt ? Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ? Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .
Account Suspended
says...
10:31am Fri 5 Mar 10
elvispresleysking wrote:If they only paid half rent for five months, that would add up to £82k.
nonnogeppetto,
whilst your plea is commendable I fear it will fall our deaf ears. Certain people on here will only be looking at the figures and commenting on them. I think part of the problem is that EM has lost the TRUST of a section of fans through his ever changing story. I hold myself in that category and just looking at thos figures quoted above there are discrepencies! If the Structradene rent has increased by £62k due to half rent and that rent is £33k per month, then for the 5 month period in EM reign, that is a shortfall of £82k!
I would like to know why, if it is true, EM didn't meet with the supporters Trust yesterday, especially as he instigated the meeting!
Incidentally, the FL have been baulking on the Stockport County takeove because they didn't believe the club could sustain itself paying rent on Edgley Park to Brian Kennedy, Sale Sharks owner and landlord of the ground. The figure quoted was £12-15,000 per month rent! no wonder AFCB are struggling if they pay triple that to Structadene!
KENETHOMEROD
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10:38am Fri 5 Mar 10
devon exile
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10:59am Fri 5 Mar 10
exiledcherry
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11:02am Fri 5 Mar 10
AFCB1970
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11:17am Fri 5 Mar 10
seuthsayer
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11:20am Fri 5 Mar 10
djd
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11:27am Fri 5 Mar 10
AFCB1970
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11:39am Fri 5 Mar 10
Bournemouth person
says...
11:53am Fri 5 Mar 10
elvispresleysking
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1:28pm Fri 5 Mar 10
Julian1966
says...
1:30pm Fri 5 Mar 10
KENETHOMEROD wrote:Sadly Ken Nicholas might need a compress to find his way to your house lol.Eddie Mitchell was way under pressure to tell us what the real figures were concerning the state of the club debts and i am kind of glad he has come forward after we put piles of pressure on the echo & EM,but for me its to late,should have been more honest early on then we would not have moaned.
You are so funny Nicholas lol
May i suggest that you come to my house for tea after a home game and bring your boxing gloves. Oh sorry you don`t use them when you hit young fans in the back and then run away.
My point was - why have the ohec not put a full transcript on the internet ?Maybe more people read the net than buy papers. Living in Sweden like you do means that unlike me you cannot buy one lol. Lets stick to the figures and stop trying to distract me . Can you tell me where the £51k that Mitchell said was owed to the Centre of Excellence scheme is ? I forgot Nicholas did you not fully support Savi and Baker ?
seniorman
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1:41pm Fri 5 Mar 10
Account Suspended
says...
1:51pm Fri 5 Mar 10
elvispresleysking wrote:The full breakdown is on the vital bournemouth site. Go look.
Accountsuspended - feel better now you've had a pop!
You are missing my point completely. I was responding to nonnogepetto regarding his request and the fact that EM has lost the fans TRUST because he quotes different amounts each time. Yes it's a financial overview but I can only comment on what has been said and published. The figures I gave regarding the rent is based on what Neil Perret has written here and the FACT that EM stated at the fans forum that no inroads had been made on the rent owed to Structadene but they were now paying full rent.
The Echo, for whatever reason has decided not to publish the breakdown on the internet so, as I live in BRISTOL, I am unable to study the full picture. I have been on the clubs website and seen that EM's statement is there along with a breakdown of income recieved but I can't see and expenditure information (this may be down to my PC at work though).
Therefore I can only respond on what I know.
It's all about trust and EM has made a BIG error in the way he has dealt with this and his figures constantly changing. Yes, it's about perception but also spin and interpretation. Classic example for you:
EM - I will not invest any money into AFCB, they must be run self sufficently.
Fans Forum - EM has invested circa £500k into AFCB
Financial Overview today - Chairmans additional investment £200k, the other £300k? £185 for shares which isn't investment as this would have been paid directly to the previous share owners and £118k for advertising/sponsers
hip from suppliers to EM's Severn company.
Not quite the £500k investment by EM which is what he led the fans to believe. Yes, AFCB may well have benefitted from EM being chairman as they might not have got the £118k sponsorship/advertis
ing money but wouldn't it have been better for EM to have been honest in the first place and state " I've invested £200k myself, I've brought in a further £118k from suppliers to my other businesses"?
Message for Neil Perrett: Are their legal implications preventing you from listing the full financial overview on the Echo website? As several other people have stated, not everyone lives in the Daily Echo area and therefore cannot access the full report. If there are none, please can you list in it's entirity so all contributors to this website have full access to the current financial position of AFCB?
djd
says...
1:51pm Fri 5 Mar 10
Julian1966
says...
2:47pm Fri 5 Mar 10
elvispresleysking wrote:Excellent well thought out post.elvispresleyski
Accountsuspended - feel better now you've had a pop!
You are missing my point completely. I was responding to nonnogepetto regarding his request and the fact that EM has lost the fans TRUST because he quotes different amounts each time. Yes it's a financial overview but I can only comment on what has been said and published. The figures I gave regarding the rent is based on what Neil Perret has written here and the FACT that EM stated at the fans forum that no inroads had been made on the rent owed to Structadene but they were now paying full rent.
The Echo, for whatever reason has decided not to publish the breakdown on the internet so, as I live in BRISTOL, I am unable to study the full picture. I have been on the clubs website and seen that EM's statement is there along with a breakdown of income recieved but I can't see and expenditure information (this may be down to my PC at work though).
Therefore I can only respond on what I know.
It's all about trust and EM has made a BIG error in the way he has dealt with this and his figures constantly changing. Yes, it's about perception but also spin and interpretation. Classic example for you:
EM - I will not invest any money into AFCB, they must be run self sufficently.
Fans Forum - EM has invested circa £500k into AFCB
Financial Overview today - Chairmans additional investment £200k, the other £300k? £185 for shares which isn't investment as this would have been paid directly to the previous share owners and £118k for advertising/sponsers
hip from suppliers to EM's Severn company.
Not quite the £500k investment by EM which is what he led the fans to believe. Yes, AFCB may well have benefitted from EM being chairman as they might not have got the £118k sponsorship/advertis
ing money but wouldn't it have been better for EM to have been honest in the first place and state " I've invested £200k myself, I've brought in a further £118k from suppliers to my other businesses"?
Message for Neil Perrett: Are their legal implications preventing you from listing the full financial overview on the Echo website? As several other people have stated, not everyone lives in the Daily Echo area and therefore cannot access the full report. If there are none, please can you list in it's entirity so all contributors to this website have full access to the current financial position of AFCB?
Chris fish
says...
3:26pm Fri 5 Mar 10
molbol
says...
3:29pm Fri 5 Mar 10
Chris fish wrote:I take it you can't get to games then Chris as the car is outside the ground every matchday with big signwriting all over it stating - Win this car for £1 - I understand it has also been on display in Bournemoth square.
Ummmmmmm WHAT CAR FOR A QUID COMPETITION????? If this is a genuine competition, why is the first I hear about it from a comment on a newspaper blog? For heavens sake, whoever is organising this get it out there!!! If people actually new about this - All of Bournemouth - not just football supporters, I would imagine ten's of thousands of tickets could be sold t a quid each.
nonnogeppetto
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4:08pm Fri 5 Mar 10
flyingleaper
says...
4:17pm Fri 5 Mar 10
Chris fish
says...
4:48pm Fri 5 Mar 10
molbol wrote:Exactly my point molbol. I don't attend Dean Court, and as a result have not heard about it. I'm guessing 5 - 6000 regulars in our town must be aware of this competition. How many readers does the Echo have? I'm sure it wouldn't hurt to spread word of this competition a little more. I will buy ten tickets now I know about it, let another 100,000 of Bournemouth's resident know about it. Local Radio??
Chris fish wrote:I take it you can't get to games then Chris as the car is outside the ground every matchday with big signwriting all over it stating - Win this car for £1 - I understand it has also been on display in Bournemoth square.
Ummmmmmm WHAT CAR FOR A QUID COMPETITION????? If this is a genuine competition, why is the first I hear about it from a comment on a newspaper blog? For heavens sake, whoever is organising this get it out there!!! If people actually new about this - All of Bournemouth - not just football supporters, I would imagine ten's of thousands of tickets could be sold t a quid each.
nonnogeppetto
says...
4:59pm Fri 5 Mar 10
Chris fish
says...
5:18pm Fri 5 Mar 10
nonnogeppetto wrote:Fair play to you nonno for correcting yourself, not many would. Maybe someone could print off one or two hundred posters advertising this competition and put them in shop windows, around the local uni's? Sure everyone who attends dean court will know about it, but hey, this is just a competition, I cant help but think putting the word out could generate a huge income from something that could be otherwise missed by many. To be honest, its the likes of me, and others like me who need to be attracted to DC, I'm not a huge football fan but if I could take the missus and kids somewhere for a couple of hours for 20 quid then great.
Chris Fish I used to teach my students never to assume because assume makes an as-u-me. It would have been better if I heeded my own advice. But yes you are right there is a lot of talking but very little doing here on this site and as far as the club is concerned. For whatever reason the ECHO does not seem to promote the club as much as it could but I guess that has a lot to do with the club's marketing department (!!). Thank you for putting us right and thank you for buying ten tickets.
molbol
says...
5:23pm Fri 5 Mar 10
molbol
says...
5:26pm Fri 5 Mar 10
Chris fish wrote:You have a great point though chris joking aside.
nonnogeppetto wrote: Chris Fish I used to teach my students never to assume because assume makes an as-u-me. It would have been better if I heeded my own advice. But yes you are right there is a lot of talking but very little doing here on this site and as far as the club is concerned. For whatever reason the ECHO does not seem to promote the club as much as it could but I guess that has a lot to do with the club's marketing department (!!). Thank you for putting us right and thank you for buying ten tickets.Fair play to you nonno for correcting yourself, not many would. Maybe someone could print off one or two hundred posters advertising this competition and put them in shop windows, around the local uni's? Sure everyone who attends dean court will know about it, but hey, this is just a competition, I cant help but think putting the word out could generate a huge income from something that could be otherwise missed by many. To be honest, its the likes of me, and others like me who need to be attracted to DC, I'm not a huge football fan but if I could take the missus and kids somewhere for a couple of hours for 20 quid then great.
nonnogeppetto
says...
5:51pm Fri 5 Mar 10
molbol wrote:I will go halves with you Mobol!!
Be even better if he bought the last six tickets for the games we had left. LOL
dirty blonde
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5:56pm Fri 5 Mar 10
lionheart
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5:59pm Fri 5 Mar 10
Chris fish
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6:00pm Fri 5 Mar 10
elvispresleysking
says...
6:47pm Fri 5 Mar 10
nonnogeppetto wrote:nonno - a few suggestions following your orginal post;
I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
molbol
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6:51pm Fri 5 Mar 10
wickerman
says...
6:52pm Fri 5 Mar 10
nonnogeppetto
says...
7:39pm Fri 5 Mar 10
elvispresleysking wrote:You have some good ideas but we do some of them already like the match draw. The biggest problem is the lack of enthiusiam and 'push'. As for Molbol suggestion of taking my long nosed son with me I am afraid he is suffering from woodworm!! Joking aside I am encouraged by some of the suggestions like the 1000 club etc I hope EM and his team will read our posts and gee up whoever has the rospinsibility to promote the club we do our best as individuals but at the end of the day appropriate marketing is what is needed.
nonnogeppetto wrote:nonno - a few suggestions following your orginal post;
I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountains
1) At Rovers we have a 50/50 draw every home game with the winning ticket drawn at half time. as the name suggests the winner gets half of takings and the club gets the other half which we've used on ground developments. Nornally winner gets anything between £700 - £1000+ dependant on gate.
so raises about £20k over the season.
2) Given that you only have 6 games left why don't the club do a raffle/draw for the last game of the season as this invariably draws a large crowd. Shirt, football, photo taken with the team etc, all signed by your 'promotion' side if events work out well!
3) Start a tour round the ground/meet the players/watch them train? Sure this would be popular with the fans and a good way of introducing youngsters to the club.
4) Does the club have a fun day? Rovers have one during the summer which is very popular and gives fans the chance to meet the board and players.
Just a few suggestions, some which you may already do.....
Good luck tomorrow against Morecambe, revenge is sweet!
In Ed we trust
says...
7:52pm Fri 5 Mar 10
nonnogeppetto wrote:Lot's of people, have lots of good ideas, my first suggestion would be that the club set up a system or think tank to funnel all these ideas!The club's way to success now is to be the most innovative, forward thinking club in the country!!
elvispresleysking wrote:You have some good ideas but we do some of them already like the match draw. The biggest problem is the lack of enthiusiam and 'push'. As for Molbol suggestion of taking my long nosed son with me I am afraid he is suffering from woodworm!! Joking aside I am encouraged by some of the suggestions like the 1000 club etc I hope EM and his team will read our posts and gee up whoever has the rospinsibility to promote the club we do our best as individuals but at the end of the day appropriate marketing is what is needed.nonnogeppetto wrote: I know I am going to stick my neck out on this one but here it is anyway. Before we clamour to accuse EM of lying and or accuse him for not coming out with the exact figures etc. CAN WE PLEASE use this site to put forward ONE or more positive ideas for raising much needed funds and not get into the tit-for-tat posting and counter posting nit-picking what we say or don't say etc. My suggestion remains that the club either offer a heavily discounted six match ticket to encourage more to come and watch for the rest of the season. Or even for all season ticket holders to throw in £10 each and the money to be used to buy tickets which could be offered for free to pupils from our local schools. Come on together we can move mountainsnonno - a few suggestions following your orginal post; 1) At Rovers we have a 50/50 draw every home game with the winning ticket drawn at half time. as the name suggests the winner gets half of takings and the club gets the other half which we've used on ground developments. Nornally winner gets anything between £700 - £1000+ dependant on gate. so raises about £20k over the season. 2) Given that you only have 6 games left why don't the club do a raffle/draw for the last game of the season as this invariably draws a large crowd. Shirt, football, photo taken with the team etc, all signed by your 'promotion' side if events work out well! 3) Start a tour round the ground/meet the players/watch them train? Sure this would be popular with the fans and a good way of introducing youngsters to the club. 4) Does the club have a fun day? Rovers have one during the summer which is very popular and gives fans the chance to meet the board and players. Just a few suggestions, some which you may already do..... Good luck tomorrow against Morecambe, revenge is sweet!
afcblee
says...
8:03pm Fri 5 Mar 10
In Ed we trust
says...
8:04pm Fri 5 Mar 10
snake hips
says...
8:23pm Fri 5 Mar 10
In Ed we trust wrote:totally agree spotty faced kids getting paid for crap service, messing about being unproductive.. I dont bother going down for a half time coffee etc as i hate q's and poor service.
E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?
Frank2010
says...
8:28pm Fri 5 Mar 10
wickerman wrote:The most pathetic comment I have seen in ages.
julian 1966 you say you would re mortgage your house if you ran a club. i very much doubt this. would you really put your house up in the name of passion for your club.if you live in a decent size house why dont you re mortgage it and give money to the cherries as this is what you expect EM to do.
Luffbracherry
says...
8:29pm Fri 5 Mar 10
In Ed we trust
says...
8:43pm Fri 5 Mar 10
snake hips wrote:We don't need to queue at all, let's be probabably the first club in the country to introduce mobile vending!you can get coffee/soft drink vending backpacks, you can get the hotdog vending trays like in the u.s, why queue when the food can come to you!!
In Ed we trust wrote: E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?totally agree spotty faced kids getting paid for crap service, messing about being unproductive.. I dont bother going down for a half time coffee etc as i hate q's and poor service. why not get vending machines down there for tea/coffee etc..
snake hips
says...
8:59pm Fri 5 Mar 10
In Ed we trust wrote:and sack those lazy little sh*ts who work down in the serving hatch.
snake hips wrote:We don't need to queue at all, let's be probabably the first club in the country to introduce mobile vending!you can get coffee/soft drink vending backpacks, you can get the hotdog vending trays like in the u.s, why queue when the food can come to you!!In Ed we trust wrote: E.g the matchday catering!Let's get a group of fans together and sit down with someone at the club and discuss it.It doesn't have to cost anything!But I really believe that the club misses out on thousands of pounds revenue in this one area alone because in this one area alone we are simply not good enough?totally agree spotty faced kids getting paid for crap service, messing about being unproductive.. I dont bother going down for a half time coffee etc as i hate q's and poor service. why not get vending machines down there for tea/coffee etc..
Julian1966
says...
9:09pm Fri 5 Mar 10
Frank2010 wrote:I was going to say the same Frank,if you love a club and you have that passion so much for the club you support,you would want to do everything possible to sort things out and yes i would remortgage my house because the club would be important to me.
wickerman wrote:The most pathetic comment I have seen in ages.
julian 1966 you say you would re mortgage your house if you ran a club. i very much doubt this. would you really put your house up in the name of passion for your club.if you live in a decent size house why dont you re mortgage it and give money to the cherries as this is what you expect EM to do.
Of course we expect EM to. He owns the club!!!!!!!!!!!!!
If Julian owned it he would.
Get a grip
afcblee
says...
9:17pm Fri 5 Mar 10
merrycherry
says...
12:29am Sat 6 Mar 10
Blue Rinse
says...
12:38am Sat 6 Mar 10
Blue Rinse
says...
12:47am Sat 6 Mar 10
northstandregular
says...
7:26am Sat 6 Mar 10
northstandregular
says...
7:34am Sat 6 Mar 10
Nick68 wrote:Have you ever considered making a meaningful contribution to this forum? As has been pointed out to you before, you keep accusing an anonymous stranger on an internet forum of being someone you have no way of ever finding out the identity of and it's bordering on stalking. He's told you he has no clue what you're talking about but you still continue with your boring, paranoid rants. As was said the other day, whether it's Ken Ormerod or Keith Agar makes little difference if the comments he makes are by and large factual and correct so give up because you'll never know who he is and if Hitler said it's wrong to kick dogs it doesn't make it any less true because it was Hitler saying it.
nsrowq wrote:Do they sell the Echo in Middlesborough?
KENETHOMEROD wrote:if you buy an echo there is a list of who owes what to who in the article. may not make good reading it but it is much clearer than the article on the website
No moans no groans just a big laugh reading the statement lol. LAID BARE ? More like more dressing up . The figures on show just do not ADD up lol Replacing one debt with another is not progress , is it ? Any advance sales is a debt ? Question : Does the share acquisition of £185k by Mitchell mean that Murry has been paid off ? ( figures on club website ) Echo for some unknown reason will not put them on this site ? Savi certainly had a good time as warned by many on here . What happend to the open meeting with the Trust ? did Mitchell bottle it so that he could spin the echo ? Good luck tomorrow lads 3-0 stuffing .
molbol
says...
8:21am Sat 6 Mar 10
Julian1966
says...
11:08am Sat 6 Mar 10
merrycherry wrote:I have supported Bournemouth since the day i was born and have never known this club to be in a shambles as it is.The guy should have been more open about the debts and not keep anything in the background.When he said that the HMRC payments have all been met,then next a winding up order is taking place,how do you expect me and Ken to feel with the rest of the supporters.If he really wants us on his side,then put things into action with the idea's supporters have been coming up with and stop the lies.If the debts get sorted out and things do improve i will start supporting him,but not until then.ITS NOT ALL ABOUT US HELPING TO BAIL THE CLUB OUT!!!
Well I`m still grateful to EM for having steered the club away from the abyss it was facing 12 months ago. Some people seem to have very short memories. If EM hadn`t stepped in we wouldn`t even have a club to support now. How the likes of Julian and Ken can call themselves supporters I do not know. Anyway, I will be at Dean Court tomorrow supporting the club the only way I know how....
ferndownred
says...
2:25pm Sat 6 Mar 10
northstandregular wrote:agreed julian. agree with last sentence northstandregular. worrying. i dont think the debt has been cleared- like has been said before we are just robbing peter to pay paul, unfortunately it now seems we are robbing our own season ticket money. the debt really hasnt been cleared at all. EM, you cannot expect the fans to pay this debt. minimum 14 quid to watch 4th division football is charity enough isn´t it? i would not pay any of this debt because of the lack of transparency and dishonesty from the current board. As said above, obviously there are all sorts of loop holes and fine print that has not been mentioned by EM. Murry/Mostyn, structadene, EM witheld the fact that current PAYE was not being paid whilst we paid off legacy debt from the previous crooks who were in charge. How can EM really expect us to believe that 800 000 has been taken off the debt if last year we appeared to rack up almost 2 million debt in less than a year. MORE LIES
Having digested the report I'm in two minds because there are still many more questions than answers, for example, it doesn't say what debts were cleared with the FL money, or indeed how much because there is no breakdown of regular income and outgoings and therefore the figures are pretty much meaningless. Also, EM, nor these 'accounts' say whether EM's 'investment' has gone is as hard cash or a loan. From what I can make out, 400K of the debt has been paid from next years season ticket income so basically we're racking up fresh debt in paying off the legacy debt with next years money. About as clear as mud I reckon. What I did notice is, if you add the advance season ticket money to the debt along with the money we won't have in the summer these figures end up in their proper perspective, which is not a lot different from when we started.
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fartycat says...
7:36am Fri 5 Mar 10
.
I understand that you didn't show up to a planned meeting with them yesterday.
.
Disgraceful.